R3 Economics is a powerful software program that simplifies data management, reserves forecasting and business decision modeling challenges faced by oil and gas companies of all sizes. It provides a secure and flexible economics solutions that ensures compliance with PRMS as well as the most rigorous governing body standards.
R3 offers several tools to help use stochastic methods to analyze your data. All of the methods offer a better approach to reserve forecasting that minimizes bias, improves uncertainties, and helps users understand their data on a deeper level in a shorter period of time than other programs. Learn more:
R3 offers R2R Mapping, an add-on program that specializes in volumetrics and mapping. The software allows the user to calculate the in-place volumes of their target areas, map development plans over time, and assess the financial impacts of drainage radius options, drilling patterns and development timing. Read more:
While it’s not easy to collect and maintain all the data generated from oil and gas properties and opportunities, it’s even harder to wade through that data and use it to improve your bottom line. R3 Visual Analytics is a Business Intelligence tool built to customize and streamline your interactions with your data. The result is faster diagnosing of issues and better predictions of future performance. Read more: